NEW YORK CITY-DHA Capital LLC and its co-development partner Continental Properties have purchased 12 E. 13th St. in Manhattan. The property was sold for $32 million, or more than $700 per square foot. ABS Partners represented the sellers.
Hertz Rental Car previously occupied the ground floor while the remainder of the building, which spans 45,032 square feet of space, was being used as a parking garage. The new owners plan to turn the structure into upscale condominiums and will likely create a mix of full-floor homes and duplexes, along with retail facilities, according to a release.
“This is a highly desirable location where we intend to create large, super-luxury homes which will appeal to discriminating buyers,” says Steven Fisch, managing partner at Continental Properties, in the release.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
